Why am i not so surprised with the inflation at the highest in my country, this is inevitable when the leaders think more about themselves than for the welfare of the citizens, sometimes i wonder why we need so many denominations of our currency....
We have the #5, #10, #20, #50, #100, #200, #500 and #1000 and the 5 naira is a useless currency among all now because i am not sure there is anything selling for that rate in my country anymore, the 10 naira is getting to its useless state too as only few things can be bought with that, things like pure water and sometimes even pure water price can go as 20 naira per one...
Then suddenly they plan to introduce the #5000 note, they plan to destroy the country completely when we are still struggling to survive the harshness economy, the #5000 naira will not only causes more inflation but the government will be able to loot more as it will be easier for them to steal more money when the currency have higher note like the 5000 naira...
Gone are the days of our fore fathers, 1 naira can buy a lot of things when they go to the market and there will even be change left, they give their children kobo to school and they enjoy lot of snacks and other goodies but now, 1000 naira can't cook a good soup, you need something like 4000 naira upward to cook a better soup...
It only get worse with each passing year, i could remember sometime in 2011, you can buy 150 naira bread and 100 naira beans and eat to your satisfaction, but now 100 naira beans is like giving a toddler food and 150 bread now sells for higher amount, infact the 150 bread of that time is bigger than the one they sell 300 naira now, so it is only getting worse!
Air condition that sells for 40 000 naira 4 years ago is now 180 000 naira, it is finished and what annoys me more is the silly excuse they give, that things are now costly but i do not believe that ! it is people making life difficult for people.....Someone want to import goods from other countries to Nigeria, the custom will collect their share, the transporters will collect their share, some other nuisance i don't know working for the government will also collect their share and by the time the goods lands, the owner will want to make its profit too plus all the money he spent settlings those he met on his way, so a good he bought for 200 000 naira will be sold for 500 000 naira and this is exactly one of the reason for the hardship we are going through in the country...
If government stop this unnecessary tax and billing by their workers, life will be easier and that can help reduce the inflation a bit...
As an individual, how do i cope with inflation....
Prioritizing my needs over wants : Money is so easy to spend since things are now over costly while the salary and wages remain stagnant, the best way to save ourself is to buy what we really need, our want can come later when we have money in excess to beat the inflation but for now, surviving is what really matters...
Avoiding things that cost much more to maintain: I am really avoiding things that will cost me more than i bargain for, things like car, we all know fuel is costly and having a car means fuel must be a constant thing to buy, days of flat tyres and other car maintenance too will be there so i support the use of commercial vehicles, cheaper, and when there is traffic, you can easily find your way around but if it is your car, you can't abandon it to find another way home lol..
Have a dealer: It is better to have trusted dealer that sells things for you at the normal rate than trying out different ones, sometimes you get to pay for more than it cost, funny part is sometimes you will feel like you got a good deal but you would be shocked they gain like times 3 from you with your purchase lol... I have my dealers when it comes to clothes and gadget and they always do me well, like the cloth that cost 17k in boutique, my dealer sells it for me at 12 or 13k and still make her own gain....
Just call me Burl.
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